The Term for Jurisdiction Based on the Location of a Piece

question 82

Multiple Choice

The term for jurisdiction based on the location of a piece of property is:

• A) long-arm jurisdiction.
• B) in personam jurisdiction.
• C) in rem jurisdiction.
• D) subject matter jurisdiction.
• E) property-rem jurisdiction.

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Definitions:

Welfare Payments

Government financial aid provided to individuals or families in need, for living expenses and basic needs.

Reported

The act of declaring or disclosing income, transactions, or other financial information to tax authorities.

Income Recognition

The accounting principle that determines the specific conditions under which income becomes taxable.

Receipt

A receipt is a document acknowledging that a person has received money or property in payment following a sale or other transfer of goods or provision of a service.